General Betting
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Heavy Loss Response
Heavy Loss Response
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I'm enjoying my largest daily loss for a couple of years. The main reason for this is boredom. I tend to make slow regular profits and I think I've just become so bored of the whole process I've let losing trades go inrunning rather than close them out.
The lesson is that although I make a profit I need to change want I'm doing or stop. |
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As well, once you are green on a race, walk away, swith the page.
That's ok if it's value to green, but if you are just greening up for the sake of it then that's crazy |
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No, I'm saying if you have greened up, "job done", close down.
Examples: Jumps; expect the horse to be a front runner, going off, it moves in as expected and I load up to lay and is filled. The horse falls at the 2nd jump. Green everywhere else but still 16 furlongs to go. If I have another target in my notes, I will look at it but sometimes better to just move on with green in pocket. Positioning trades pre-off: They move out sooner than in-running and I have the chance to green out. Found that by trading out green pre-off always a bonus, also allowing me to move onto the next targets far before the rest of the market. |
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No sorry Shapeshifter wasn't really directed at you but more in general. Some believe that just greening up is the correct thing to do but to me it's the opposite. Ideally you want to cut your losses ( Red ) and let those green's run in the long term.
But yes you are spot on , if you are green and are happy with the trades you have done there is no need to ever go near that market again!!! |
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Never a truer word said
Boredom is the the thing that kills me as well. Click. Bet. Win. Click Bet Lose. Click. Bet. Get it back. 10mins wait. Porn. Google News. Wikipedia see who's dead. Drum fingers on desk. Repeat. Do small 'it wont hurt' bet. Loses. Chase it. Lose it. Kick cat. I seriously could make more on here than I ever did working. But boredom kills it. The only solution? Treat it like a job. That you hate. And wait for your holidays like everyone else on the treadmill. |
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Last night, was focused on trading only. Was doing great, greening out even for minors.
One race I hesitated when even spikes would have closed it for a mere £2, the horse shot up and a major hit, the price going from a drift out to 30 to sub 1.75 in a blink catching a lay at 5.00 that I had left to be an early lay and trade. |
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the week went okay after a vacation break.
Friday, my ratings read flawlessly on the horses, winners standing out at every track. Had nine winners from eleven selections, lowest odds 2/1, highest 14/1. 6 of 7 each-ways won. Meanwhile, traded two five furlong races. Hesitated in-running on both and lost medium Another 23 furlong race had several moments to red out with minor loss and, at one point, a spike caught my backs but I had cancelled part of it and the horse recovered from the jump and shot to the front with three out. Went from losing £5 to £120 in a blink. 9 for 11, a day to celebrate, killed in a matter of seconds over three unrelated races. Healthy gains on my betfair points......  |
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Love the points above about the effects of 'boredom'
I think boredom can easily become tilt/chasing. I also think boredom happens also when you are in the middle of a heavy trading session. You can start to trade like a complete robot, but one that starts to overheat. I know, I've done it myself. Funny that Lex mentioned it's better if you think of this as a job that you hate. Probably right - enjoying trading can lead to problems. I'm working solely from home these days in my other line of work,something I always wanted. Sometimes I hate it, as it can be very boring, but I remind myself that I'm one of the lucky ones despite the boredom! |
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I'm working solely from home these days in my other line of work,something I always wanted. Sometimes I hate it, as it can be very boring, but I remind myself that I'm one of the lucky ones despite the boredom!
Stu,If what you do is boring, how can you be one of the lucky ones? |
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It can be boring at times while I'm working, but I still have flexibility in my time, freedom of home life etc.
Beats working in my old work environment every day I can tell you. Couldn't wait to get out. |
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Perhaps it was down to your particular work environment
rather than anything else. GL. |
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Yep, wouldn't disagree with that, I wanted out of it. But I do love the freedom of working from home also.
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Do you bet full time?
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No, sadly not good enough for that - too many lapses in my self-discipline despite being generally good at spotting value etc. But being at home does allow some decent time for trading/betting as a side income.
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Same as me, although I have retired and what I get from here,
supplements my income, only in a small way! GL. |
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HAVE A PINT
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Prob best to treat it that way Ken in my experience - soon as it's the only thing that matters then I find betting/trading goes wrong (for me anyway). GL too.
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Certainly a point that's related to the OP here also.
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I still get annoyed when I have a bad day though
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Yep, me too! But a bad day when it means everything (ie all the income) nowhere near as bad a loss of a small amount of your income.
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Read that again - opposite I meant of course!
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in my own experience, I think gradually making it back is the way to go. you'll probably be surprised how quickly you can build a bank. also, after a few days, a week has passed, the urge to ''make it back'' should have abated. big loss is horrible, but you'll get over it soon, so why risk making things ten times worse in the meantime
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I find it difficult after a day like today when I've backed a 7/1 that finishes 2nd and then lay St Helens and they win by 1pt. I should stick to just my 2 bets tomorrow but I feel like wanting to have a go now. That's the gambler in me.
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Biggest challenge in betting - not chasing. Easy to say never, much harder in practice.
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i thought this was a thread about peoples biggest loss,not shapeshifters personal guide to betting,zzzzzzzzzzzzz
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i think it's important to take note of the near misses too , sometimes more so
a loss is only a bad loss if it's error out opf stupidity or carelessness - letting a bet ride while you go to the shops forgetting it was on - or leaving bets up and seeing them get snatched at bad value if you lose because of a freak scoreline that only happens once a year then it's best to write it off |
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patrick starr
Joined: 04 Mar 10 Replies: 11465 30 Aug 14 17:59 14 17:59 i thought this was a thread about peoples biggest loss,not shapeshifters personal guide to betting,zzzzzzzzzzzzz lol |
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when it comes to dealing with heavy losses I always listen to king Kenny, ie when he napped sheff utd at 2/5 v Hartlepool and when he had those 16 consecutive losers last season, the guvnor took it like the true gentleman he is
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